Speaking with Coin Rivet during the TEKsystems Blockchain Networking event in London last week, he said: “Blockchain technology will help create more jobs, increase trade and build greater trust. Also, more importantly, it has the potential to make banking more transparent and bankers more honest.”
Banks are either experimenting with or already implementing blockchain. “This technology will fuel competition and cooperation among banks, investment firms and other financial institutions, which will benefit the end user with lower fees and better products.”
He also gave his opinion on cryptocurrencies. “Unfortunately, they are way too centralised. Only a few big investors have the major stakes in all cryptocurrencies, which is why they are so vulnerable to volatility. They are constantly manipulating the price of crypto to their advantage.”
He believes this space has no future because “it will never be decentralised, which is in contradiction to the original aim of cryptocurrency.”
Those who enter the market at this time may be surprised to hear that Bitcoin…
George Town, Grand Cayman, 22nd November 2024, Chainwire
Las Vegas, US, 1st November 2024, Chainwire
From digital art to real-estate assets, NFTs have become a significant attraction for investors who…
Singapore, Singapore, 21st October 2024, Chainwire
HO CHI MINH, Vietnam, 17th October 2024, Chainwire